FDIC Certificate #: 26316 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Bank (#21726) Federal Reserve ID: 63957 Date Established: July 22, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 32755 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 22, 1985 Last Structure Change Effective Date: Febuary 22, 2002 Last Structure Change Process Date: March 19, 2002 Last Data Update: March 19, 2002 Data Source Date: April 05, 2012
Location
Address: 12727 East Freeway, Houston, TX 77213 County: Harris Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $170.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
60Total employees (full-time equivalent)
$170,392Total assets
$4,943Cash and due from depository institutions
$99Interest-bearing balances
$7,539Securities
$31,938Federal funds sold & reverse repurchase agreements
$120,914Net loans & leases
$1,598Loan loss allowance
$0Trading account assets
$1,619Bank premises and fixed assets
$39Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,400All other assets
$170,392Total liabilities and capital
$156,530Total liabilities
$154,017Total deposits
$115,838Interest-bearing deposits
$154,017Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,513All other liabilities
$13,862Total equity capital
$13,862Total bank equity capital
$13,862Perpetual preferred stock
$0Common stock
$1,803Surplus
$12,107Undivided profits
Memoranda
$-48Noncurrent loans and leases
$22,662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$537Earning assets
$0Long-term assets (5+ years)
$734Average Assets, year-to-date
$160,490Average Assets, quarterly
$2,108Volatile liabilities
$161,940Insider loans
$168,702FHLB advances
$46,017Loans and leases held for sale
$29Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,662Total unused commitments
$0Restructured Loans and leases
$1,598Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$12,339Total interest income
$5,421Total interest expense
$6,918Net interest income
$718Provision for loan and lease losses
$876Total noninterest income
$0Fiduciary activities
$657Service charges on deposit accounts
$0Trading account gains & fees
$219Additional noninterest income
$7,900Total noninterest expense
$4,017Salaries and employee benefits
$1,125Premises and equipment expense
$2,758Additional noninterest expense
-$824Pre-tax net operating income
$33Securities gains (losses)
-$262Applicable income taxes
-$529Income before extraordinary items
$0Extraordinary gains - net
-$529Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$289Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.14%Yield on earning assets
3.58%Cost of funding earning assets
4.56%Net interest margin
0.58%Noninterest income to earning assets
5.21%Noninterest expense to earning assets
-0.34%Net operating income to assets
-0.33%Return on assets (ROA)
-0.49%Pretax return on assets
-4.69%Return on equity (ROE)
-4.69%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
248.44%Credit loss provision to net charge-offs
-0.37%Efficiency ratio
101,360Assets per employee
2.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
297.58%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.44%Net loans and leases to deposits
78.51%Net loans and leases to core deposits
111.96%Equity capital to assets
8.14%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
10.51%Total risk-based capital ratio
Memoranda
$12Average assets
$161,940Average earning assets
$11,268Average equity
$151,625Average loans
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